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Case Status:    ONGOING    
On or around 07/08/2019 (Ongoing date of last review)

Filing Date: March 06, 2019

According to the Complaint, Mattel purports children’s entertainment company that designs and sells toys and consumer products. Mattel’s “Power Brands” include Barbie, Hot Wheels, Fisher-Price, and American Girl.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) that demand for the Company’s products, including Barbie and Hot Wheels, was declining; (2) that the Company had an excess of product supply; and (3) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

On May 23, 2019, the Court issued an Order appointing Co-Lead Plaintiffs and Counsel. Co-Lead Plaintiffs filed an amended Complaint on July 8.

COMPANY INFORMATION:

Sector: Consumer Cyclical
Industry: Recreational Products
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: MAT
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: C.D. California
DOCKET #: 19-CV-01646
JUDGE: Hon. Percy Anderson
DATE FILED: 03/06/2019
CLASS PERIOD START: 02/07/2019
CLASS PERIOD END: 02/15/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Glancy Prongay & Murray LLP
    1925 Century Park East, Suite 2100 , Glancy Prongay & Murray LLP, CA 90067
    (310) 201-9150 (310) 432-1495 ·
No Document Title Filing Date
COURT: C.D. California
DOCKET #: 19-CV-01646
JUDGE: Hon. Percy Anderson
DATE FILED: 07/08/2019
CLASS PERIOD START: 02/07/2019
CLASS PERIOD END: 02/15/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Gibbs Law Group LLP
    505 14th St, Suite 1110, Gibbs Law Group LLP, CA 94612
    510.350.9700 510.350.9700 ·
  2. Glancy Prongay & Murray LLP
    1925 Century Park East, Suite 2100 , Glancy Prongay & Murray LLP, CA 90067
    (310) 201-9150 (310) 432-1495 ·
  3. Law Offices of Howard G. Smith
    3070 Bristol Pike, Suite 112, Law Offices of Howard G. Smith, PA 19020
    215.638.4847 215.638.4867 ·
No Document Title Filing Date
—Related District Court Filings Data is not available